Canada vs Mexico: Tax Comparison
Compare income tax rates and take-home pay between Canada and Mexico
You'd keep $5,036 more in Mexico
Mexico
23.9% tax
Canada · Ontario
28.9% tax
$420/mo difference
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Side-by-side breakdown
Mexico
2026
24%
Income
Gross Salary$100,000
Personal deductions limit-$11,593
Mexican Social Security Institute (IMSS) employee contribution-$1,577
Taxable Income$86,831
Taxes & Contributions
1.92% bracket-$11
6.40% bracket-$263
10.88% bracket-$384
16.00% bracket-$213
17.92% bracket-$337
21.36% bracket-$2,476
23.52% bracket-$3,115
30.00% bracket-$9,884
32.00% bracket-$5,648
Mexican Social Security Institute (IMSS) employee contribution-$1,577
Total Taxes-$23,906
NET ANNUAL PAY$76,094
Per Month$6,341
Effective Rate23.9%
Canada · Ontario
2025
29%
Income
Gross Salary$100,000
Canadian Pension Plan (CPP) - Enhanced portion-$549
Taxable Income$99,451
Taxes & Contributions
Federal bracket 1-$5,862
Federal bracket 2-$8,288
Federal bracket 3-$4,833
Basic Personal Amount (BPA)+$239
CPP Base Contribution Credit+$66
Ontario bracket 1-$1,831
Ontario bracket 2-$3,317
Ontario bracket 3-$3,007
Ontario Basic Personal Amount+$239
Canadian Pension Plan (CPP) - Base portion-$1,607
Employment Insurance (EI)-$739
Total Taxes-$28,942
NET ANNUAL PAY$71,058
Per Month$5,921
Effective Rate28.9%
Tax rate by income level
Canada
Mexico
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